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IMPACT – MEDIUM
The Serbian government has announced that it will increase its monthly minimum wage by 14.3% in Jan. 2023.
Key Points:
Additional Information: Serbian migration authorities continue to evaluate minimum wage levels and may adjust the wage requirement again before the New Year.
BAL Analysis: Businesses may see a slight increase in labor costs once the new minimum wage takes effect. Employers should take the new wage minimums into account and adjust their budgets if necessary. BAL will provide updates on salary minimums for foreign workers as information becomes available.
This alert has been provided by Berry Appleman & Leiden. For additional information, please contact berryapplemanleiden@bal.com.
Copyright © 2022 Berry Appleman & Leiden LLP. All rights reserved. Reprinting or digital redistribution to the public is permitted only with the express written permission of Berry Appleman & Leiden LLP. For inquiries please contact copyright@bal.com.
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